GLJ Research
GLJ Research, LLC
GLJ Research is a New York independent equity research boutique founded in 2019 by analyst Gordon Johnson. It covers a short list of solar, steel, rail, electric-vehicle, lithium-ion and cannabis stocks and is best known for its long-running Sell rating on Tesla.
Company history
Gordon Johnson, previously an analyst at Lehman Brothers, Axiom Capital Management and The Vertical Group, launched GLJ Research in September 2019 with former Vertical Group colleague James Bardowski, through the Analyst Hub platform for independent research providers. It opened with initiations on Tesla, U.S. Steel and Tilray. GLJ is a strategic partner of broker-dealer Analyst Hub Securities.
- 2019Founded by Gordon Johnson and James Bardowski
- 2019Initiates coverage on Tesla, U.S. Steel and Tilray
Research
GLJ covered 14 stocks in 2026 across solar, bulk commodities, rail, electric vehicles, lithium-ion batteries and cannabis, making both long and short calls. Its Tesla price target was $24.86 in September 2026. Ratings are Buy (price expected to rise 10% or more), Hold (change of less than 10%) and Sell (decline of 10% or more) over 12 months.
Coverage12M
- Stocks
- 25
- Ratings
- 52
- Price targets
- 26
- Median upside
- +18.4%
- Upgrades
- 5
- Downgrades
- 7
- Initiations
- 3
- Reiterations
- 37
- Targets raised
- 10
- Targets cut
- 5
- Positive33%6
- Neutral17%3
- Negative50%9
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 CLFCleveland-Cliffs Inc. | Buy | $17.48 |
 TSLATesla, Inc. | Sell | — |
 RUNSunrun Inc. | Sell | $16.15 |
 ENPHEnphase Energy, Inc. | Sell | $24.47 |
 FSLRFirst Solar, Inc. | Buy | $250 |
 SEDGSolarEdge Technologies, Inc. | Sell | — |
 GEVGE Vernova Inc. | Sell | $1,087 |
 CCJCameco Corporation | Buy | $99.74 |
 FLNCFluence Energy, Inc. | Hold | $12.89 |
 NXTNextpower Inc. | Buy | $149.44 |
Analysts24M
- Gordon JohnsonFSLR · ENPH · CLF7
- Austin WangAGX · ECG · GEV4
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| First Solar, Inc.FSLR | Target | $315 →$250 | Sep 22 | |
| Cleveland-Cliffs Inc.CLF | Reiterate | Buy | $15.60 →$17.48 | Sep 21 |
| ETEtsy, Inc.ETSY | Downgrade | Underweight | Sep 18 | |
| Cleveland-Cliffs Inc.CLF | Reiterate | Buy | Sep 18 | |
 Coinbase Global, Inc.COIN | Initiate | Sell | Sep 14 | |
| GE Vernova Inc.GEV | Initiate | Sell | Sep 14 | |
| Tesla, Inc.TSLA | Reiterate | Sell | Sep 4 | |
| CSCanadian Solar Inc.CSIQ | Reiterate | Sell | Aug 27 | |
 Microsoft CorporationMSFT | Downgrade | Sector Perform | Aug 20 | |
 Advance Auto Parts, Inc.AAP | Downgrade | Sector Perform | Aug 20 | |
| Fluence Energy, Inc.FLNC | Target | $26 →$12.89 | Aug 20 |
Similar coverage12M
References
- GLJ Research – Homeglj-research.com
- GLJ Research – Aboutglj-research.com
- GLJ Research – Important Disclosuresglj-research.com
- GlobeNewswire – Gordon Johnson and James Bardowski Launch GLJ Research (Sept 5, 2019)globenewswire.com
- The Motley Fool – Lithium Stocks Slapped With Sell Ratings (Sept 2019)fool.com
- Investing.com – GLJ Research reiterates Tesla stock sell rating (Sept 2026)investing.com